China has announced a series of countermeasures, including tariffs and export restrictions, in response to recent tariffs implemented by the U.S.
China Matches Trump’s Tariff with Own 34% on U.S. Goods
China Matches Trump’s Tariff with Own 34% on U.S. Goods
As the U.S.-China trade war intensifies, China retaliates against Trump's tariffs with sweeping measures of its own.
In a significant escalation of the ongoing trade war, the Chinese government has announced it will impose a 34 percent tariff on imports from the United States, directly matching tariffs introduced by President Trump. This response was confirmed by China's Finance Ministry on Friday, indicating a firm stance against U.S. trade policies.
In addition to the tariff implementation, China’s Ministry of Commerce has categorized 11 American companies as “unreliable entities,” effectively barring them from engaging in business within China and with Chinese firms. The announcement also included stringent restrictions on the export of specific rare earth elements, which are crucial components in various industries, from electric vehicles to defense systems, and are predominantly mined within Chinese territory.
Moreover, China's customs agency unveiled plans to halt chicken imports from select American agricultural exporters, further tightening trade relations. Collectively, these actions signal China’s determination not to retreat from the trade conflict initiated by President Trump’s recent tariff measures.
This story is evolving, and updates will be provided as more information becomes available.
In addition to the tariff implementation, China’s Ministry of Commerce has categorized 11 American companies as “unreliable entities,” effectively barring them from engaging in business within China and with Chinese firms. The announcement also included stringent restrictions on the export of specific rare earth elements, which are crucial components in various industries, from electric vehicles to defense systems, and are predominantly mined within Chinese territory.
Moreover, China's customs agency unveiled plans to halt chicken imports from select American agricultural exporters, further tightening trade relations. Collectively, these actions signal China’s determination not to retreat from the trade conflict initiated by President Trump’s recent tariff measures.
This story is evolving, and updates will be provided as more information becomes available.
